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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (2492)	8/7/1998 8:47:00 PM
From: Kip518	Respond to of 8307

Analyst Ends PR Blitz - AUGUST 6 Independent analyst Louis Riley has announced he will discontinue issuing publicly released research reports on the major newswires. Riley had been largely credited with contributing to the sharp rise in the share price of computer e-tailer Egghead.com (NASDAQ:EGGS) after setting a target price of $85 on the stock. These opinions by Riley and others have been distributed by press service PR Newswire. To be fair to Riley, he did properly disclose that he held a position in Egghead.com. Egghead's share price has now fallen and is trading down almost 60% from the July 9th issue of Riley's press release recommendation of the company. PR Newswire and Business Wire both announced they would both be reviewing requirements for members to issue press releases. ragingbull.com